InfoReach, Inc. Integrates with Pipeline Trading Systems

October 7, 2005

Move brings block trades to InfoReach TMS users

NEW YORK, October 07, 2005 — Users of the popular InfoReach Trade Management System (InfoReach TMS, www.inforeachinc.com) now have one more feature at their fingertips: Block trades. Leading portfolio trading technology provider InfoReach, Inc. has just integrated Pipeline Trading Systems' alternative trading system (ATS) into InfoReach TMS.

Launched two years ago, Pipeline's ATS allows users to anonymously trade large blocks of NYSE and NASDAQ stocks, as well as Exchange Traded Funds (ETFs), in single transactions. The service further enhances the InfoReach TMS Suite, which integrates buy- and sell-side functionality for manual and algorithmic basket trading of equities, futures, options and FX in a broker-neutral platform.

Block trade capability was the logical next step for InfoReach TMS, said InfoReach president Allen Zaydlin. "It augments traditional slice-and-dice approach of common execution algorithms with ability to algorithmically trade reserve quantities as blocks." said Zaydlin. "The integration of Pipeline ATS into InfoReach TMS gives our clients more choices on how they can work large orders"

About InfoReach, Inc.

Since 1995, InfoReach has focused on providing leading software solutions for the electronic trading of financial securities. The company's open, scalable and flexible products for firm-wide order execution and management include InfoReach FIX Engine and InfoReach TMS. A wide variety of features, combined with committed support, have made InfoReach the technology of choice for many major buy- and sell-side financial institutions.

About Pipeline Trading Systems

New York-based Pipeline Trading Systems, a subsidiary of e-Xchange Advantage Corporation is deploying the Pipeline ATS. Built around a "hidden" order book, Pipeline enables traders at institutions and brokerage firms to anonymously negotiate large blocks of NYSE-listed companies, NASDAQ stocks and ETFs in an environment free from the problems of backing away and front-running. Federspiel founded parent company e-Xchange Advantage (eXA) in 1999 to develop electronic solutions for institutional block trading.